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Sep 11, 2010
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it's just us. gwen: it feels like we've been having this argument now for several weeks but only this week the president and his folks decide really to engage. why? >> well, time was running out. the pastor from gainesville had made it clear he was going to start burning books at 6:00 on saturday night on the night, anniversary of the 9/11 attack. demonstrations had already begun in afghanistan on thursday and u.s. officials were quite concerned about force protection there and other places in the far southwest asia. and then the pastor let it be known if someone called him and asked him and invited him to stand down that he might do so, if someone from the government and the white house saw its opportunities and bob gates put in a phone call and he has desisted for the moment. this was not a constitutional question about protected speech. though a lot of people law that around. you can burn books in this country, you can burn flags. you can burn draft cards. >> why are you looking at me? >> i don'
it's just us. gwen: it feels like we've been having this argument now for several weeks but only this week the president and his folks decide really to engage. why? >> well, time was running out. the pastor from gainesville had made it clear he was going to start burning books at 6:00 on saturday night on the night, anniversary of the 9/11 attack. demonstrations had already begun in afghanistan on thursday and u.s. officials were quite concerned about force protection there and other...
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Sep 5, 2010
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secondly, as the criteria of iraq never attacking us, they did not attack us and the gulf war either. they invaded kuwait. would you have said the gulf war was a mistake? >>no. >> that is not a criteria you decide you go to war. lastly, the president making this speech could never have made that speech ending our mission with relative success had the search not occurred. the president opposed it. senator biden opposed it. my colleagues opposed it at the time. we should of had a diplomatic source. the obama administration must after one charge, a diplomatic mission to establish a new government. it has failed entirely in doing that. >> you will get great arguments from the american military on the search itself and whether it was the sunni uprising and the distribution of large amounts of cash. that aside, the fact is that the united states of america is not in a stronger position internationally. we organized a coalition after iraq entered crew -- kuwait. it was with 36 nations who sent in troops for it we could not form a coalition today as a direct consequence of invading correct. t
secondly, as the criteria of iraq never attacking us, they did not attack us and the gulf war either. they invaded kuwait. would you have said the gulf war was a mistake? >>no. >> that is not a criteria you decide you go to war. lastly, the president making this speech could never have made that speech ending our mission with relative success had the search not occurred. the president opposed it. senator biden opposed it. my colleagues opposed it at the time. we should of had a...
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Sep 28, 2010
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it brings us more access to new york's laguardia airport, as well as first-time access for us to reagan national airport in washington d.c.. >> susie: where kelly, why did you do it now? >> i feel like we're ready now. first of all, things are so much better today than they were a year ago. our profit outlook is solid. we have plenty of cash on hand. we have a very strong balance sheet, with credit rating agencies affirming our credit rating today. so financially we're very well prepared for this. we also have a very strong leadership team. who is ready to add this major task to our list. and then we have the tools in place today that we just haven't had in the past to optimize our route network and really generate significant revenues from optimizing schedules and also revenue management techniques. so it's been a very challenging economic environment. we would like to grow. we just haven't had opportunities to grow, and we're just delighted that we found this opportunity where with it we can grow and grow profitably. >> susie: analyst, call this deal a game changer. what do you think
it brings us more access to new york's laguardia airport, as well as first-time access for us to reagan national airport in washington d.c.. >> susie: where kelly, why did you do it now? >> i feel like we're ready now. first of all, things are so much better today than they were a year ago. our profit outlook is solid. we have plenty of cash on hand. we have a very strong balance sheet, with credit rating agencies affirming our credit rating today. so financially we're very well...
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Sep 30, 2010
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most still tell us they approve of obama. most think the health care bill was the right thing to do. more tell us his policies are helping the economy than hurting it. so this isn't a disillusionment with obama that's... or the democratic party that's driving this. i think it's just a sense that this election the case hasn't been made this election is really important to younger voters yet. they don't say it at the same rate older folks do. >> woodruff: liz murphy, how would you respond to that? how important do you think young people see this election? and how do they respond to the president's admonition yesterday that young people need to understand it's important and he said in that interview with "rolling stone," inexcusable to sit this election out. >> i think it's unfortunate, but at least at penn state's campus there isn't this huge feeling that people need to head out and hit the polls and, you know, make their voice heard and vote. in 2008, there were two-hour wait lines to vote when obama came to speak it was like
most still tell us they approve of obama. most think the health care bill was the right thing to do. more tell us his policies are helping the economy than hurting it. so this isn't a disillusionment with obama that's... or the democratic party that's driving this. i think it's just a sense that this election the case hasn't been made this election is really important to younger voters yet. they don't say it at the same rate older folks do. >> woodruff: liz murphy, how would you respond...
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Sep 14, 2010
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it will help us take pressure off our currency, help us stabilize interest rates it will help us show the markets that our tax rates aren't going to rise to unbelievable levels because we are getting our fiscal house in order. so if we locked in a plan to actually get our debt under control, that will actually help our economy right now because it will improve competence in the future of our economy. >> okay but are you prepared to spend money for stimulus in order to do something about unemployment. >> so i don't subscribe to the typical keynesian doctrine that you need to borrow and spend money to create jobsment we borrowed and spend 1.1 trillion when you add interest costs on the stimulus and we lost 2.6 million jobs since that legislation passed. i do think there are better things that the government could do to promote prosperity and create jobs. we ought to be growing at a very fast pace coming out of the kind-of-recession we are coming out of if we are coming out of it. i mean 81, the 72 recession. we were growing at about 68% at this time. i would argue that the reason we are
it will help us take pressure off our currency, help us stabilize interest rates it will help us show the markets that our tax rates aren't going to rise to unbelievable levels because we are getting our fiscal house in order. so if we locked in a plan to actually get our debt under control, that will actually help our economy right now because it will improve competence in the future of our economy. >> okay but are you prepared to spend money for stimulus in order to do something about...
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Sep 15, 2010
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she was released after using her mother's house as bail. and i'm joined by haleh esfandiari, the director of the middle east program at the woodrow wilson international center for scholars. and karim sadjadpour, an associate at the carnegie endowment for international - elcome to both you. kareem, starting with you, what's known about what led to the release today? >> i think a few points worth mentioning. first is that there's no evidence against these three young hikers. the iranian government detained them august of 2009. they stopped interrogating them a couple months after their detention so i think when you talk to people connected to their lawyers in tehran, it's clear that the government didn't have any evidence against them. second, she has a health concern. she found a lump on her breast. i think the regime certainly didn't want to be put in a position where they would be responsible for her health. i'm not convinced that president ahmadinejad was responsible for her release, but i am convinced he will take credit for her release
she was released after using her mother's house as bail. and i'm joined by haleh esfandiari, the director of the middle east program at the woodrow wilson international center for scholars. and karim sadjadpour, an associate at the carnegie endowment for international - elcome to both you. kareem, starting with you, what's known about what led to the release today? >> i think a few points worth mentioning. first is that there's no evidence against these three young hikers. the iranian...
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Sep 28, 2010
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he joins us from pittsburgh. i ben welcome, thanks for joining us. 1.4 billion is a lot of money and what's been tough times for the airlines, why is southwest doing this, what is driving this? >> there are ray couple of things. first of all, as you mentioned sot west has been at there for a while now. while they were the scrappy upstart in the '80s and even into the 9 0s. their business model is pretty mature at this point and there aren't many misses left for them to expand that are flarl fits are for their business model. one of the best cities and the biggest one they don't yet fly to is atlanta so it's no coincidence that air tran, biggest city is atlanta and this will put southwest into atlanta in a big way. and it really positions southwest to go back to a position of growth by acquiring air tran and eventually incorporating if into its network. >> and there are roar cities that right now southwest isn't in, aren't there sm. >> there are about 37 that air tran flies to that southwest doesn't go to. so sout
he joins us from pittsburgh. i ben welcome, thanks for joining us. 1.4 billion is a lot of money and what's been tough times for the airlines, why is southwest doing this, what is driving this? >> there are ray couple of things. first of all, as you mentioned sot west has been at there for a while now. while they were the scrappy upstart in the '80s and even into the 9 0s. their business model is pretty mature at this point and there aren't many misses left for them to expand that are...
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Sep 25, 2010
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this has been followed by many of us around the world. today, the chilean president said that he hoped that they would be freed by november. >> night and day in the desert, families keep up their vigil waiting and watching as rescue teams to drill around the clock to create the shaft which should mean escape for the miners' almost half a mile below. no one has ever been trapped underground as long as these 33 men. they have endured 33 weeks without a light, fresh air, or freedom. it took 17 days after the mine collapsed just to find them. since then, they have been given everything possible to squeeze down the supply tubes. this mother finds the waiting almost unbearable. >> it would be 3:00 or 4:00 in the morning and i was praying. this is very frustrating. to me, this is not over. >> what progress has there been to rescue the men since they were discovered? the miners are trap almost half a mile down and a shaft is being drilled. the first is down 1,300 feet already. at second, 364 feet down when it down any much shorter time. the third
this has been followed by many of us around the world. today, the chilean president said that he hoped that they would be freed by november. >> night and day in the desert, families keep up their vigil waiting and watching as rescue teams to drill around the clock to create the shaft which should mean escape for the miners' almost half a mile below. no one has ever been trapped underground as long as these 33 men. they have endured 33 weeks without a light, fresh air, or freedom. it took...
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Sep 7, 2010
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being with us on bbc world news. foundation of new york, stowe, vermont, and honolulu. newman's own foundation. the john d. and catherine t. macarthur foundation. and union bank. >> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> there is one stage that is the met and turning heehaw -- carnegie hall. it is the kennedy center and a club in austin. it is closer than any seat in the house, no matter where you call home. pbs, the great american stage that fits in every living room. your support of pbs brings the arts home. arts home.
being with us on bbc world news. foundation of new york, stowe, vermont, and honolulu. newman's own foundation. the john d. and catherine t. macarthur foundation. and union bank. >> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> there is one stage that is the met and turning heehaw -- carnegie hall. it is the kennedy center and a club in austin. it is closer than any seat in the...
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Sep 26, 2010
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i will tell you what our poll told us. 1,000 likely voters have told us that whether you look at democrats or republicans, this is the beauty contest and all of the contestants are ugly. they don't like democrats. they don't like republicans. and for that reason, people are unaffiliated. they are leaning republicans. >> let me finish. >> they are leaning republicans despite they don't like republicans. >> 60/40? >> they are leaning republicans because they feel the democratic party -- it is over 50%. >> every independent, former republican or former democrat. scott brown one because all those former democrats were sick of their party and our guys are winning because they are sick of the democratic party. they were sick of the republicans in 2008. this rise of the independence is a vote against both national parties. >> absolutely. >> both of which failed the country in that they can't balance our budget, win or wars or secure our borders. >> the biggest block of voters in the country and obama won then in 2008 and now they are leaning republican. >> why have they turned against obama? >> b
i will tell you what our poll told us. 1,000 likely voters have told us that whether you look at democrats or republicans, this is the beauty contest and all of the contestants are ugly. they don't like democrats. they don't like republicans. and for that reason, people are unaffiliated. they are leaning republicans. >> let me finish. >> they are leaning republicans despite they don't like republicans. >> 60/40? >> they are leaning republicans because they feel the...
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Sep 13, 2010
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give us the lowest corporation tax in the g-7. and that is a huge advert in this program, by the way, it is a good low corporate tax environment. >> rose: that's what ireland did exactly. >> and i think now they were able to take it quite a lot further than 24%. but nevertheless, from we're taking it from 28% to 24%. if you think of many people in my situation, many people sitting in a room like this, in faced with a very high budget deficit we would be very tempted to put up business taxes. but because, precisely because i want to give-- given growth and private sector investment and job creation, that i'm actually going in the other direction and reducing business taxes. >> rose: but the president is making in the united states the exact opposite decision. >> every country has got to make his own decisions. and the american administration has got challenges just like the british government has got. challenges. but actually, if you look at, from what i can gather, the u.s. administration is concerned about infrastructure. we've c
give us the lowest corporation tax in the g-7. and that is a huge advert in this program, by the way, it is a good low corporate tax environment. >> rose: that's what ireland did exactly. >> and i think now they were able to take it quite a lot further than 24%. but nevertheless, from we're taking it from 28% to 24%. if you think of many people in my situation, many people sitting in a room like this, in faced with a very high budget deficit we would be very tempted to put up...
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Sep 14, 2010
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thank you for joining us. have a great night, susie. >> susie: i hope you have a great evening as well. i am a susie gharib. good night everyone, thanks for watching. we hope to see you all again tomorrow night. >> nightly business report is made possible by: you you this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" videos. to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more. pbs.
thank you for joining us. have a great night, susie. >> susie: i hope you have a great evening as well. i am a susie gharib. good night everyone, thanks for watching. we hope to see you all again tomorrow night. >> nightly business report is made possible by: you you this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing...
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Sep 12, 2010
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use that money to pay for tax breaks for the middle class. but the business community has been talking about how horrible it is, having a tax cut when the economy is so fragile, robbing the economy of its recovery. there are a lot of democrats who are boggling. we will see if they can deliver. i do not think they can deliver the promise. >> actually, a former member of the obama administration drew the same conclusion. >> whether we are talking about rahm emanuel or peter orszag, [inaudible] the rights and in "the new york times" calling for an extension of the tax cuts that the rich has. >> this is something that the president can draw a line on. he does have a veto power. he can decide whether or not to extend the tax cuts for the rich for a year or something like that, or not. it seems to me the best thing to do would be to pull it back for those people who make less than $200,000, and will veto anything that does not help them. >> george stephanopoulos tried to nail him down on that question, but he said he would not necessarily veto. >>
use that money to pay for tax breaks for the middle class. but the business community has been talking about how horrible it is, having a tax cut when the economy is so fragile, robbing the economy of its recovery. there are a lot of democrats who are boggling. we will see if they can deliver. i do not think they can deliver the promise. >> actually, a former member of the obama administration drew the same conclusion. >> whether we are talking about rahm emanuel or peter orszag,...
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Sep 23, 2010
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thanks to you for being with us. do stay with us if you can on "bbc world news." more to come. the hudson bay and mineral riches beneath the polar ice cap. first though, that booming chinese economy is having an unwelcome side effects. one generation ago, hardly anyone was overweight, and now, nearly one in two is overweight. we have this report. >> this is a 12-year-old. he is obese, weighing 40 kilograms more than he should. he has been sent to this clinic to lose weight. there are traditional chinese treatments of massage and acupuncture. like many in china, -- some say these children are spoiled, -- he says he does not do anything around the home. he just enjoys himself. the family's youngest member could once eat whatever he likes, sometimes two helpings, but now, he is on a strict diet of fruit and vegetables. across china, helping people to lose weight. it is a strict regime of exercise, healthy eating, and medical treatments. being overweight is not just a problem for the people here. it is also a problem for society at large. if you're overweight, you are more likely t
thanks to you for being with us. do stay with us if you can on "bbc world news." more to come. the hudson bay and mineral riches beneath the polar ice cap. first though, that booming chinese economy is having an unwelcome side effects. one generation ago, hardly anyone was overweight, and now, nearly one in two is overweight. we have this report. >> this is a 12-year-old. he is obese, weighing 40 kilograms more than he should. he has been sent to this clinic to lose weight....
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Sep 11, 2010
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and i used to borrow a phrase from john f. kennedy, and tell people at the time to fix the roof is when the sun is shining. and we weren't doing that in the middle part of this decade. unfortunately, we not only had the budget deficit at the end of this period we've been through the recession in the 1990s. but we went into the crisis with the highest budget deficit in the world. >> rose: tell me what big society means. is this an important idea that we haven't seen before or is it simply one more person. >> there is such. >> rose: this is how we see the balance. >> i guess what it would-- the way i think about it is that there is such a thing in society t is just not the same thing as the state. and that i think where this from previous conservative thinking in this country at least s that we were very focused on the individual. and there's much more emphasis in what we are trys to do on the community, on the family, on society. and-- . >> rose: on nongovernment institutions. >> nongovernment institutions, understanding that t
and i used to borrow a phrase from john f. kennedy, and tell people at the time to fix the roof is when the sun is shining. and we weren't doing that in the middle part of this decade. unfortunately, we not only had the budget deficit at the end of this period we've been through the recession in the 1990s. but we went into the crisis with the highest budget deficit in the world. >> rose: tell me what big society means. is this an important idea that we haven't seen before or is it simply...
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Sep 24, 2010
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he joins us for an exclusive interview about our trade issues with china. you're watching "nightly business report" for thursday, september 23. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. president obama today met with china's premier in new york city, and, susie the leaders of the world's two biggest economies pledged to work together on boosting the global recovery. >> susie: but tom, in their public remarks, the men didn't talk about china's undervalued currency. instead, that's said to have topped the agenda for their private meeting. the issue-- keeping china's currency artificially low puts american exports at a disadvantage overseas. >> tom: lawmakers in washington, meantime, are closer than ever to acting on threats to penalize china over its currency. earlier today, i caught up with u.s. trade representa
he joins us for an exclusive interview about our trade issues with china. you're watching "nightly business report" for thursday, september 23. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. president obama today met...
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Sep 11, 2010
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google, microsoft, that's us. i would say -- >> wait a second, google is a bunch of russian immigrants. >> innovation is our long suit. yes, we were strong manufacturing. but you know what let the other countries have it. let's be the leader 6 innovation. let's be the leaders in new energy what i love about some of the stimulus actions that obama are taking is because it's talking about investing not only infrastructure, next subpoena investing in new energy. something we absolutely have to do. i would like to point out briefly is that we always have the highest happy index of any nation in the world. we report higher levels of general happiness, no wonder we -- >> we're naive. >> we are. no wonder we want -- an toe mystic people. what i love about obama don't underestimate him. he was the one that surprised everyone, came out ahead of hillary, i think he's going to -- >> gofering our -- >> i think this lack of competitiveness, real threat to the new america that secretary clinton talks about is that we no longer
google, microsoft, that's us. i would say -- >> wait a second, google is a bunch of russian immigrants. >> innovation is our long suit. yes, we were strong manufacturing. but you know what let the other countries have it. let's be the leader 6 innovation. let's be the leaders in new energy what i love about some of the stimulus actions that obama are taking is because it's talking about investing not only infrastructure, next subpoena investing in new energy. something we absolutely...
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Sep 23, 2010
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us? >> well, a lot of business schools on how to make money. i want to tell people if you run business, you have to run the value first. to surf the others, help the others, that's the key. because i... one of the things we believe is if you think about making money and this is the u.s. dollar, talk about hong kong dollars, nobody wants to make friends with these people. thing about how can you help people and create value for the others and then you'll get the money. this is how we succeed in china. and this is why you call us believe that. people say jack, your company is crazy. how can you do that. this is the way we run the business. and i think this is the way the 21st century. the other thing is also focused on quality and people. >> rose: say that again? >> your own people. because i think china, the best resource is not... it's the human brain. 1.3 billion people. if we develop their brains, that's got a lot of innovation. that's the best resourcings we could ever have so many you
us? >> well, a lot of business schools on how to make money. i want to tell people if you run business, you have to run the value first. to surf the others, help the others, that's the key. because i... one of the things we believe is if you think about making money and this is the u.s. dollar, talk about hong kong dollars, nobody wants to make friends with these people. thing about how can you help people and create value for the others and then you'll get the money. this is how we...
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Sep 17, 2010
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we want to use that and use our associates to help drive us into the digital space. >> among the new titles he hopes will drive sales a familiar name to those older gamers, a new conkey kong game is due out before thanksgiving. >> susie: here's what we're watching for tomorrow: the consumer price index from august is released. our "market monitor" guest is elaine garzarelli, president of garzarelli capital. also tomorrow, household products tarn-x and c.l.r. are well-known brands. but did you know they're made by a small family business? we'll introduce you to the people behind jelmar in our "all in the family" series. mortgage rates inched higher for a second week in a row. freddie mac says the average rate on a 30-year fixed rate mortgage was 4.37%. while that's just off the historic low set two weeks ago, cheap borrowing costs haven't meant a boost in home sales. economists think that's because people are worried about job security and the bumpy recovery. >> tom: meanwhile, lenders took back more homes in august than any month since the mortgage crisis began. real estate data firm
we want to use that and use our associates to help drive us into the digital space. >> among the new titles he hopes will drive sales a familiar name to those older gamers, a new conkey kong game is due out before thanksgiving. >> susie: here's what we're watching for tomorrow: the consumer price index from august is released. our "market monitor" guest is elaine garzarelli, president of garzarelli capital. also tomorrow, household products tarn-x and c.l.r. are well-known...
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Sep 4, 2010
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they would use chemical or nuclear weapons if they could. the chinese government ordered food producers to start growing more comfortable -- growing more vegetables. in mozambique, seven people died this week in protests about the 30% rise of the cost of bread. the un called for a special meeting to discuss the implications of a price spike. >> more wild fires fanned by strong winds and more houses destroyed and more loss of life after 50 people were killed in july and august. underlying it all is a prolonged drought. they destroyed 20% of russia's wheat crop. the government extended its ban on wheat exports to compensate. thousands of kilometers away in mozambique's plight is starting to return to normal. the trigger was a sharp rise in the cost of bread. the government insisted it had no choice but to raise prices. seven people were killed. nearly 300 were injured. this has left extensive damage. what is happening to food prices? is there a risk of a repeat of the food crisis of 2008? the world saul price climbed -- saw prices climbing. wh
they would use chemical or nuclear weapons if they could. the chinese government ordered food producers to start growing more comfortable -- growing more vegetables. in mozambique, seven people died this week in protests about the 30% rise of the cost of bread. the un called for a special meeting to discuss the implications of a price spike. >> more wild fires fanned by strong winds and more houses destroyed and more loss of life after 50 people were killed in july and august. underlying...
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Sep 16, 2010
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to help us recover from all kinds of conditions. but at this hospital, not everyone was convinced that surfing was a good use of taxpayer money. >> i could certainly see lots of better ways to spend that money on. >> i'm feeling a bit depressed myself, actually. can i put my name on the list? >> if this scheme works, expect more fresh air therapy across britain, not just in coastal areas, but cycling and rock climbing may also be prescribed. >> letting loose and maybe getting healthy. you can find more on that and all the international news online ad bbc.com/news. you can get in touch with me and most of the team on twitter. we're on facebook as well, of course. thanks for being with us. >> funding was made possible by -- the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, the john d. and catherine t. macarthur foundation, and union bank. >> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> i'
to help us recover from all kinds of conditions. but at this hospital, not everyone was convinced that surfing was a good use of taxpayer money. >> i could certainly see lots of better ways to spend that money on. >> i'm feeling a bit depressed myself, actually. can i put my name on the list? >> if this scheme works, expect more fresh air therapy across britain, not just in coastal areas, but cycling and rock climbing may also be prescribed. >> letting loose and maybe...
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Sep 27, 2010
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think of it as trying to get the computer to help us at the things we are not very good at and have us help the computer on the things they are not very good at. computers. of course, remember everything. so now it is so overwhelming you need a search engine to keep track. >> rose: so how do you see the challenge from facebook and social networking. >> well, social networking is important and facebook is a consequently and very impressive company. and social information will be used by google and by others, i should add, to make the quality of the results, the quality of the experience that much better. the more we know about what your friend does with your permission, and i need to say that about 500 times, we can actually use that to improve the experience you have of getting manufacturing that you care about. in our case what we are actually do something building social information into all of our products. so it won't be a social network the way people think of facebook but rather social information about who your friends are, people that you interact with. and we va various ways i
think of it as trying to get the computer to help us at the things we are not very good at and have us help the computer on the things they are not very good at. computers. of course, remember everything. so now it is so overwhelming you need a search engine to keep track. >> rose: so how do you see the challenge from facebook and social networking. >> well, social networking is important and facebook is a consequently and very impressive company. and social information will be used...
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Sep 2, 2010
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tonight's "street critique" guest joins us from the bank of new york. it is jonathan chaplin at credit suisse. welcome to "nightly business report." >> thanks, tom. >> tom: what has been fueling this performance that we've seen over the last quarter or so in telecom? >> i think it is pretty straightforward. it is primarily one thing: it's yield. as investors get concerned about growth concerns for the economy, 6% dividend yield for at&t and verizon stocks looks in increasingly compelling. you've got a better prospect of getting a return from that yield than other sectors in the economy. >> tom: it sounds like quite a defensive play. but what about the growth expectations for this sector? are there any? >> it is not going to be a sector that grows the top line at g.d.p. or above for the foreseeable future. but this is a company that can -- an industry that can generate a fair amount of earnings growth in the low-growth economic environment. so with 1% revenue growth, telecom companies can generally knock out 3 3 plus percent earnings growth. >> tom: one
tonight's "street critique" guest joins us from the bank of new york. it is jonathan chaplin at credit suisse. welcome to "nightly business report." >> thanks, tom. >> tom: what has been fueling this performance that we've seen over the last quarter or so in telecom? >> i think it is pretty straightforward. it is primarily one thing: it's yield. as investors get concerned about growth concerns for the economy, 6% dividend yield for at&t and verizon...
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Sep 3, 2010
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they use chemical, biological or nuclear weapons if they could. western policies are not designed to confront radical islam. the chinese government ordered three producers to start growing more vegetables. it is another reason this is causing unrest. seven people died in mozambique over the rising cost of bread. the food agencies called for a special meeting to discuss the implications of a price spike. >> more wildfires in southern russia stand by strong winds and more loss of life after 50 people were killed in july and august. underlying it all is the prolonged drought. they destroyed 20% of the wheat crop this year. the government has extended its ban on wheat exports. thousands of kilometers away in mozambique's lies [unintelligible] after two days of food riots. this was a sharp rise in the cost of bread. seven people were killed when police opened fire on protesters trip nearly 300 were injured. what is happening to food prices? is there a risk of a repeat of the food crisis of 2008? from 2003 on the world saw prices climbing. the global fo
they use chemical, biological or nuclear weapons if they could. western policies are not designed to confront radical islam. the chinese government ordered three producers to start growing more vegetables. it is another reason this is causing unrest. seven people died in mozambique over the rising cost of bread. the food agencies called for a special meeting to discuss the implications of a price spike. >> more wildfires in southern russia stand by strong winds and more loss of life after...
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Sep 29, 2010
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police used to stop this kind of thing. now they let it happen. >> it signals there will be a very stable transition. and in north korea. it will take longer than one or three years. >> there is one other important player behind the scenes today, and that is china. china may be worried that north korea will inflow of with incalculable consequences for the in -- will in flowed with incalculable consequences for the entire region so, it is that closed mysterious country across the river -- it could mean that changes on the way for the family business. >> john since then, our world affairs editor there. at least seven people are confirmed killed. the rain collapsed a hillside, burying people in their homes as they slept. rescue workers have been struggling to reach the scene. 30 died in a mudslide in colombia. emergency services say the scale of the slide has made it rescue difficult across the country. 74 died in recent heavy rains. an egyptian court has reduced the sentence on a billionaire accused of killing a lebanese pers
police used to stop this kind of thing. now they let it happen. >> it signals there will be a very stable transition. and in north korea. it will take longer than one or three years. >> there is one other important player behind the scenes today, and that is china. china may be worried that north korea will inflow of with incalculable consequences for the in -- will in flowed with incalculable consequences for the entire region so, it is that closed mysterious country across the...
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Sep 21, 2010
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is it too late for us to jump- start u.s. manufacturing? >> i don't think it is. i think it's very important to do so. a lot of innovation is what i would call innovation on the shop floor. it matters that you're exposed to the actual manufacturing to learn how to do things better. it's very good jobs. what we need to do is stop tying our hands behind our back. stop ridiculously litigation costs, stop the corporate tax system that is highly uncompetitive. stop health care mandates that are threatening business and stop policy uncertainty. no one is saying subsidize manufacturing. let the energies of the private sector work. >> susie: is there any more than the federal reserve can do? policy makers meet tomorrow. >> there's some more the federal reserve can do in terms of long-term asset purchases but i don't think there's much more the fed can do at this point. what this really requires is a more stable government policy environment. >> susie: if president obama called you up and said, i want your advice, what's the key take-away message you would like him to get
is it too late for us to jump- start u.s. manufacturing? >> i don't think it is. i think it's very important to do so. a lot of innovation is what i would call innovation on the shop floor. it matters that you're exposed to the actual manufacturing to learn how to do things better. it's very good jobs. what we need to do is stop tying our hands behind our back. stop ridiculously litigation costs, stop the corporate tax system that is highly uncompetitive. stop health care mandates that...
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Sep 24, 2010
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used to be the u.s. but today china is by far the biggest trading partner. >> charlie: for both chile and brazil? >> yes. it will become the first trading partner of the whole latin america. and i think the u.s. is missing opportunities. >> charlie: because they are doing what? >> they -- i don't think that they have -- or put enough attention to lat inner america. in terms of free-trade agreements there are many latin american countries that would like to reach a free-trade agreement with the u.s. which is beneficial to both parties and i think that the u.s. is not moving fast enough -- >> charlie: because of the political issues in the congress? >> yes, because many times we are waiting for the next election. for instance now nothing can happen because we are expecting the november election and i think that the u.s. could do a better job vis-a-vis latin america -- and i'm not talking about aid, i'm talking about partnerships, about facing together the challenges of development in the future. i heard th
used to be the u.s. but today china is by far the biggest trading partner. >> charlie: for both chile and brazil? >> yes. it will become the first trading partner of the whole latin america. and i think the u.s. is missing opportunities. >> charlie: because they are doing what? >> they -- i don't think that they have -- or put enough attention to lat inner america. in terms of free-trade agreements there are many latin american countries that would like to reach a...
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crop specialists tell us that the yield swings are here to stay. the good news is the global harvest has been pretty good this year, despite the shortfall in russian wheat. in fact, it is about the third best year on record. united nations food organization does not see a crisis like it sought three years ago. but it does once you reduce turbulence in the global food commodity market. this man told me why the russian problem cast a low shot up. >> they have planted a lot less than they should have done. these are short-term factors, which will cause a spike in prices for 12 months or maybe longer. but we can confidently expect, i would say, prices will come down again when we get a pattern of high yield and less climate shocks in the future. >> so, the intergovernmental committee in rome may call for greater transparency in serial transactions. -- cereal transactions. others feel such moves are misguided. >> we saw the same thing happening in oil not long ago. it was the same exact thing. and union, speculators got burned. you can speculate, but yo
crop specialists tell us that the yield swings are here to stay. the good news is the global harvest has been pretty good this year, despite the shortfall in russian wheat. in fact, it is about the third best year on record. united nations food organization does not see a crisis like it sought three years ago. but it does once you reduce turbulence in the global food commodity market. this man told me why the russian problem cast a low shot up. >> they have planted a lot less than they...
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Sep 9, 2010
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he's clever enough once again not to use it. but once you start talking about people within islam beginning to speak up, to change it, that's... it's that type of thing. and he has got a point to the extent that he's right. there is a narrative which has grown up within islam of oppression, of the west being responsible for its many ills. and some of that is correct but a lot of it isn't and that's what i think he's trying to deal with. >> rose: he believed that saddam had to be taken down, whether he had weapons of mass destruction or whether he maintained the potential to do it because of plans and... he also believed that if iran has nuclear weapons there's a possibility they'll fall into the hands of people who will use them. not iranians but whoever else. and that therefore you can not allow it. and he's prepared to say that if sanctions and diplomacy and everything else doesn't work then you have to have a military attack. >> again, i think he's coming out of his closet-- if i can put it that way-- more. he's saying things
he's clever enough once again not to use it. but once you start talking about people within islam beginning to speak up, to change it, that's... it's that type of thing. and he has got a point to the extent that he's right. there is a narrative which has grown up within islam of oppression, of the west being responsible for its many ills. and some of that is correct but a lot of it isn't and that's what i think he's trying to deal with. >> rose: he believed that saddam had to be taken...
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Sep 16, 2010
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it's funny, my dad used to say growing up that he could teach us anything but he couldn't teach us to care and he couldn't teach us to feel. >> couldn't teach you passion. so there is a part of me that says you're born with it and i am guilty. i mean, if anything i have to control it because i... that's probably the biggest challenge bag c.e.o. you have to... you're talking to so many people now and you have to be very focused and be very ... and yes you have to show your passion but you have to be very thoughtful. i remind them constantly we're like a cruise ship in the ocean. we're not a speedboat that's... because of our size. >> all that you project are what you want your company to project. so you've become c.e.o. symbol. >> and as long as it's about core values and uniting people and building great teams, i think that that's... it's not just up to me. it's fine if i do, but i believe christopher does and when the c.f.o.s saysy speaks to the street, that's what she projects. we're all singing off the same hymn sheet and we're only hiring like-minded people who believe in the same
it's funny, my dad used to say growing up that he could teach us anything but he couldn't teach us to care and he couldn't teach us to feel. >> couldn't teach you passion. so there is a part of me that says you're born with it and i am guilty. i mean, if anything i have to control it because i... that's probably the biggest challenge bag c.e.o. you have to... you're talking to so many people now and you have to be very focused and be very ... and yes you have to show your passion but you...
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Sep 21, 2010
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to put pressure on us. but they're wrong and the time for that has passed. >> rose: okay, fair enough. who do you mean by the "zionist regime"? >> ( translated ): a regime that has occupied palestine and now forces its rule on that territory. >> rose: but why don't you just say aisrael? why don't you say the state of israel rather than the signist regime? >> ( translated ): we do not recognize that entity. we consider it to be a zionist and racist regime that occupies, creates wars, terrorizes and destroys the homes of people and prevents people from accessing water, medicine, and food in their own home, attacks its neighboring countries and threatens everyone around. >> rose: so you would therefore hope that there is an agreement reached between the negotiators from the state of israel and the palestinians so that they can agree on borders and agree on all the issues that separate them so that those questions of... can be settled in this negotiation? >> ( translated ): do you feel that a solution will real
to put pressure on us. but they're wrong and the time for that has passed. >> rose: okay, fair enough. who do you mean by the "zionist regime"? >> ( translated ): a regime that has occupied palestine and now forces its rule on that territory. >> rose: but why don't you just say aisrael? why don't you say the state of israel rather than the signist regime? >> ( translated ): we do not recognize that entity. we consider it to be a zionist and racist regime that...
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Sep 6, 2010
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if we are asking the government to help us. but the numbers are overwhelming. at last count, 18.6 million people have been affected and pakistan's losses could exceed 28 billion pounds. the government has promised most affected families an initial payment of 150 pounds. woman backgive this her home. -- of this girl back home. the 13-year-old wants to be a doctor. these children and their families will be homeless again as school starts. >> the lebanese prime inner circle -- prime minister has saad hariri said he made a mistake in accusing syria of assassinating his father. mr. hariri has described his words as a political accusation made prematurely. he said lebanon and his -- and syria have historic relations and investigations into his father's killing have been misled by false testimony. rescue teams in guatemala removed -- resume their search for survivors after heavy mud slides and rain. authorities say at least 40 people have died. hundreds have been released -- remove from their homes and thousands more have been displaced by flooding and mudslides. more
if we are asking the government to help us. but the numbers are overwhelming. at last count, 18.6 million people have been affected and pakistan's losses could exceed 28 billion pounds. the government has promised most affected families an initial payment of 150 pounds. woman backgive this her home. -- of this girl back home. the 13-year-old wants to be a doctor. these children and their families will be homeless again as school starts. >> the lebanese prime inner circle -- prime minister...